Skip to main content
Updated:
Original:

Fargo-Moorhead's shared 'co-working' space for startups is closing

Author:

It's been a business trend embraced by contemporary entrepreneurs and startups. They rent, lease or join so-called "co-working space" in offices, which lowers their costs and allows them to share amenities like conference rooms and business support. The businesses often network with their neighbors to generate opportunities.

The Fargo Forum reports Fargo-Moorhead's first such dedicated real estate – the CoCo collaborative and co-working space – will end its 10-month run in the city on Friday.

CoCo currently operates three locations in the Twin Cities metro – Minneapolis, St. Paul, and the Uptown area. The Fargo space was its first expansion outside the Twin Cities.

When CoCo's Fargo foray was announced last June, Fargo's Emerging Prairie, an organization that promotes the entrepreneurial efforts, said the arrival of the space was of "huge consequence to the startup community in the Fargo-Moorhead area." The group called CoCo's presen'ce "a major signal that the Fargo-area startup community has caught national attention."

At the time the expansion was announced, the Business Journal noted the 6,000-square-foot space in the Merchants Bank Building would have room for 100 members.

Ten months after the Fargo CoCo office opened, officials with the company explained that the concept had not attracted enough members to make it viable. CoCo offers individual or group memberships for companies who want to use its space.

Laurie Healy, CoCo's director of marketing and communications, told The Forum in a phone interview over the weekend that the Fargo CoCo site just didn't attract enough members to remain viable.

Other organizations in Fargo-Moorhead are exploring other options to allow the co-working concept to continue in the area.

Next Up

flickr - criticla care nurses nov 2021

Allina parts ways with 53 of 27,000 employees over vaccine mandate

That's about 0.2% of the health care system's workforce.

US Bank Stadium, Vikings fans

Matthew Coller: How will Vikings fans react on Thursday night?

Will years of disappointment be revealed if the Vikings struggle against the Steelers?

dinner party holidays gathering celebration 1

Health officials encourage getting vaccinated and tested before the holidays

The state has launched a "Celebrate Safely, Minnesota" campaign to make it easier to get tested and vaccinated.

Kjellberg booking photo crop

Charges: Parking dispute, scuffle preceded fatal stabbing

The suspect said he was upset about neighbors and their friends regularly parking on his property.

Dave Hutchinson

Hennepin Co. Sheriff injured in rollover, admits to drinking beforehand

The sheriff, in a statement, called it an "inexcusable decision."

CDC - vaccine band aid

COVID cases, hospitalizations, and deaths in MN dominated by unvaccinated

The latest figures from October show a disproportionate number of deaths among the unvaccinated.

Jaxon Howard

Top MN football recruit Jaxon Howard to announce college decision

He's the son of former Minnesota Viking Willie Howard.

18 wheeler - tractor trailer - semi truck

MN trucking firm that used 'strength tests' to screen out women drivers to pay $500K

The company will pay $500,000 and offer jobs to the women it discriminated against.

mpd suspect 12.3.21 - 1 - CROP

On-the-run man charged with murder in fatal shooting at gas station

The suspect hasn't been arrested, and court documents say he poses a risk to public safety.

coronavirus

Minnesota's COVID-19 update for Wednesday, December 8

The latest details from the Minnesota Department of Health.

Screen Shot 2021-12-05 at 9.27.07 AM

Couple ending festive lights display after dispute with sheriff over trespassing

Barron County Sheriff Chris Fitzgerald addressed complaints from over the summer on Facebook Saturday.

st louis co missing person terry - edit

MN man, 60, still missing despite 'extensive search efforts'

Local authorities are now asking for the public's help locating the man.

Related